$BTC

Shitcoin (SHIT) is a typical parody altcoin in the cryptocurrency world, lacking core technology, practical application scenarios, and value anchors, completely relying on the meme speculation environment to reap retail investors.

This token was born during the hype of the cryptocurrency bull market, without a formal project whitepaper, and there is no actual development team or technical architecture, solely attracting attention with labels like "parody" and "curiosity." In the early days after its launch, the operators frantically inflated the coin price using market sentiment, creating a false expectation of "getting rich overnight" through community hype, luring a large number of retail investors lacking risk awareness to follow suit. After the coin price experienced exaggerated increases of several dozen times or even hundreds of times in a short period, the operators quickly cashed out at high prices, directly withdrawing the core liquidity from the fund pool.

Subsequently, the price of shitcoin plummeted dramatically, with a decline of over 99%, nearly approaching zero. Due to the fact that such tokens are often deployed on decentralized platforms and possess strong anonymity, retail investors not only find it difficult to recover losses but may even be unable to identify the operators behind the trades. The collapse of shitcoin is a microcosm of the cryptocurrency world’s "pure speculation with no value" altcoins preying on retail investors, also exposing serious issues such as lack of regulation and rampant price manipulation in the niche altcoin market.